In a fairly surprising step, the United States (US) Security and Exchange Commission (SEC) officially recognized Grayscale Investment’s submissions to convert his XRP and Dogecoin trust Stock exchange traded funds (ETFs). This decision of the SEC signals a potential shift of the regulatory landscape for cryptoinvestition products and may open access to Spot Dogecoin and XRP ETFs on the cryptomarkt by 2025.
SEC recognizes the Dogcoin and XRP -TFS applications from Grayscale
The US SEC on Thursday published An official communication that applies for public comments on the proposed rules Dogecoin Trust Under the Nyse Arca Rule 8.201-E. This formal recognition triggers a review period with a prescribed 240-day period for the agency in order to approve or reject the ETF applications. This 240-day time bar would officially start once ETF registrations of gray scale are presented to the Federal Register of the US SEC.
The regulatory authority has officially recognized the XRP and Dogecoin -ETF applications from gray scale and signals a significant shift in the crypto -ETF products. Currently only Bitcoin and Ethereum -Tfs were officially accepted and released into the market. In view of the recent recognition of the ETF registrations of Grayscale through the SEC, however, there is the possibility Further crypto ETFs will enter the market.
Remarkably, James Seyffart, a Bloomberg analyst, shared his expectations of the SEC, which accepts and accepted a dotecoin and a dotecoin XRP ETF In an X Social Media Post on February 10, Seyffart predicted that the SEC will recognize both Dogecoin and XRP ETF submissions this week. He also emphasized that a decision by the SEC could be made by October 17, 2025 if the submissions proceed as expected, which is the official deadline for approval or rejection of the submissions.
Should the regulatory authority give the green light and approve the XRP and Dogecoin -ETF registrationsBoth products could be introduced before the end of 2025. Seyffart has also shared a diagram in which the likelihood of different crypto ETFs is highlighted. He stated that the final barrier for the approval of a crypto -ETF was its security status in accordance with the standards of the SEC.
The chances of a Dotecoin and XRP ETF in 2025
For XRP, Seyffart unveiled That the SEC is currently not regarded as security despite her over three -year lawsuit, which claims Ripple sold XRP as non -registered securities. Due to its NO safety status, the Bloomberg analyst suggests that the XRP -TF has a 65% chance of being launched.
Interestingly, Doge has a higher chance of winning an ETF in 2025. The Bloomberg analyst showed that the US Sec Could classify Dotecoin as security, possibly because of its MEME fun status. Regardless of this, the analyst estimates a 75% chance for a Dotecoin ETF to debut on the market.
Although the SEC recognized the DOG and XRP -TF applications from Grayscale, this does not mean official approval. However, it does indicate That the regulatory authority is more open and the applications are not directly rejected.
Selected picture of medium, diagram of tradingview.com